Download or read book Econometric Modelling and Forecasting of Tourism Demand written by Doris Chenguang Wu and published by Taylor & Francis. This book was released on 2022-10-27 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: This insightful and timely volume provides a succinct, expert-led introduction to the latest developments in advanced econometric methodologies in the context of tourism demand modelling and forecasting. Written by a plethora of worldwide experts on this topic, this book offers a comprehensive approach to tourism econometrics. Accurate demand forecasts are crucial to decision-making in the tourism industry and this book provides real-life tourism applications and the corresponding R code alongside theoretical foundations, in order to enhance understanding and practice amongst its readers. The methodologies introduced include general to specific modelling, cointegration, vector autoregression, time-varying parameter modelling, spatiotemporal econometric models, mixed-frequency forecasting, hybrid forecasting models, forecasting combination techniques, density forecasting, judgemental forecasting, scenario forecasting under crisis, and web-based tourism forecasting. Embellished with insightful figures and tables throughout, this book is an invaluable resource for those using advanced econometric methodologies in their studies and research, including both undergraduate and postgraduate students, researchers, and practitioners.
Download or read book Tourism Demand Modelling and Forecasting written by Haiyan Song and published by Routledge. This book was released on 2012-08-21 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: The phenomenal growth of both the world-wide tourism industry and academic interest in tourism over the last thirty years has generated great interest in tourism demand modelling and forecasting from both sectors. However, the tendency for researchers and practitioners engaged in quantitative causal tourism modelling and forecasting to run many regression equations and try to choose the 'best' model based on various parametric and non-parametric criteria has been widely criticised as failing to provide credible results. The aim of this book is to present the recent advances in econometric modelling methodology within the context of tourism demand analysis at a level that is accessible to non-specialists, and to illustrate these new developments with actual tourism applications. The book begins with an introduction to the fundamentals of tourism demand analysis, before addressing the problems of traditional tourism demand modelling and forecasting, i.e. data mining and spurious regression due to common trends in the time series. Three chapters explore the general-to-specific approach to tourism demand modelling and forecasting, including the use of autoregressive distributed lag processes, cointegration analysis and error correction models. The time varying parameter model together with the use of the Kalman filter as an estimation method is a useful tool for examining the effects of regime shifts on tourism demand elasticities: this is explored next. The panel data approach is introduced as a way of overcoming the problem of estimation and forecasting biases caused by insufficient time series data. The book concludes by evaluating the empirical forecasting performance of the various models and putting forward some general conclusions.
Download or read book The Advanced Econometrics of Tourism Demand written by Haiyan Song and published by Routledge. This book was released on 2008-12-09 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tourism demand is the foundation on which all tourism-related business decisions ultimately rest. This book introduces students, researchers and practitioners to the modern developments in advanced econometric methodology within the context of tourism demand analysis and illustrates these developments with actual tourism applications.
Download or read book Forecasting Tourism Demand written by Douglas Frechtling and published by Routledge. This book was released on 2012-05-23 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Forecasting tourism demand' is a text that no tourism professional can afford to be without. The tourism industry has experienced an overwhelming boom over recent years, and being able to predict future trends as accurately as possible is vital in the struggle to stay one step ahead of the competition. Building on the success of 'Practical Tourism Forecasting' this text looks at 13 methods of forecasting and with a user friendly style, 'Forecasting Tourism Demand' guides the reader through each method, highlighting its strengths and weaknesses and explaining how it can be applied to the tourism industry. 'Forecasting Tourism Demand' employs charts and tables to explain how to: * plan a forecasting project * analyse time series and other information * select the appropriate forecasting model * use the model for forecasting and evaluate its results Ideal for marketing managers and strategic planners in business, transportation planners and economic policy makers in government who must project demand for their products among tourists. Executives who rely on forecasts prepared by others will find it invaluable in assisting them to evaluate the validity and reliability of predictions and forecasts. Those engaged in analysing business trends will find it useful in surveying the future of what has been called the largest industry in the world.
Download or read book Modeling and Forecasting Demand in Tourism written by Stephen F. Witt and published by . This book was released on 1992 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on data on outbound tourism from France and Germany collected through personal interviews of residents or micro censuses covering the period 1965 to 1983; and from the UK for the period 1965 to 1985 and the USA for the period 1965 to 1984 through surveys carried out at airports and seaports. Additional surveys record USA land border crossing tourist data.
Download or read book Tourism Forecasting and Marketing written by Kevin Wong and published by Routledge. This book was released on 2012-10-12 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stay up to date with the most effective practices in tourism demand forecasting! Tourism Forecasting and Marketing presents vital, up-to-date research on the latest practice and applications of tourism demand modeling and forecasting. The book addresses both econometric and time series approaches to forecasting, focusing on the concepts, model specification, data analysis, and methodologies used in day-to-day tourism planning. An international panel of practitioners and academics call on a diverse range of empirical research findings to discuss commonly used theoretical frameworks for forecasting and future directions tourism demand is likely to take. Tourism Forecasting and Marketing presents research findings from the United States, the United Kingdom, Asia, and Australia that are invaluable for guiding government and private sector tourism investment and development decisions. The book addresses traditional versus modern forecasting techniques; evaluations of current and past forecasting methods; modeling and forecasting destination choice; and the impact of forecasting and marketing on tourism demand. Topics include: using time series models to forecast inbound tourism demand for China and Greece determining the economic factors that influence tourism demand in Hong Kong, Indonesia, and Malaysia examining domestic travel expenditures in South Korea developing a model to forecast ski tourism using the Palmore cohort analysis for tourism forecasting and much more! Tourism Forecasting and Marketing is an important textbook for educators and students working in tourism policy planning and management, and tourism marketing. The book is equally effective as a reference for travel and tourism researchers, and for professionals dealing with tourism demand analysis and forecasting.
Download or read book Caribbean Tourism Demand and Volatility written by Allan Silveria Wright and published by . This book was released on 2011 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategic Management in Tourism 3rd Edition CABI Tourism Texts written by Luiz Moutinho and published by CABI. This book was released on 2018-02-26 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive textbook has, at its core, the importance of linking strategic thinking with action in the management of tourism. It provides an analytical evaluation of the most important global trends, as well as an analysis of the impact of crucial environmental issues and their implications. Now in its third edition, and reviewing the major factors affecting international tourism management, this well-established student resource provides an essential overview of strategic management for students and professionals in the tourism sector.
Download or read book Tourism Economics and Policy written by Larry Dwyer and published by Channel View Publications. This book was released on 2020-01-14 with total page 555 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the publication of the first edition of this seminal textbook, the tourism economics landscape has undergone many changes. In this concise revised edition, the authors have incorporated new approaches and ideas influencing tourism economics and policy. This includes discussions of the implications of the sharing economy and its effect on industry structure in accommodation and transport, and Artificial Intelligence (AI) techniques that are being increasingly employed in tourism forecasting. It also includes new material on surface and marine transport, resident quality of life issues, the price mechanism, the economic contribution of tourism, tourism and economic growth, and tourism and sustainable development. It remains an important and accessible text for students, researchers and practitioners in tourism economics and tourism policy.
Download or read book The Advanced Econometrics of Tourism Demand written by H. Song and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Econometric Model Forecasting Egypt s Aggregate International Tourism Demand and Revenues written by Ahmed A. Zaki and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Egypt is one of the most important tourist destinations worldwide; it receives millions of visitors every year. Consequently, Tourism forecasting and planning are vital in maintaining and managing this flow of visitors. Hence, it is imperative for policymakers in both the public and private tourism sectors in Egypt to examine tourist arrival patterns, and to generate forecasts for such industry. The objective of this paper is to forecast the performance of the tourism industry in Egypt until the year 2017. The main factors affecting such performance are the deficiency in exploiting human capital efficiently, ineffective marketing campaigns, and lack of strategies to enhance Egypt's image. This study examines the aggregate tourism demand function for Egypt using the time series data for the period 1982-2006. An ARMA (Auto Regressive Moving Average) model is applied as an efficient tool to forecast the future values of dependent variables (international tourism arrivals and revenues); and its relationship with the above-mentioned independent ones; until the year 2017.
Download or read book Tourism and the Business Cycle written by Stephan Schulmeister and published by . This book was released on 1979 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook on Tourism Forecasting Methodologies written by World Tourism Organization and published by . This book was released on 2008 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook aims to be a simple guide to the complex world of tourism forecasting. The chapters set out the basic forecasting techniques explaining their advantages and disadvantages and providing examples. The handbook also includes an excel file where the following methodologies are further explained and exemplified: simple linear regression; decomposition; differencing; no-change models; moving average models; single exponential smoothing. The handbook seeks to contribute to the further development and understanding of tourism in general and encourage more organisations and individuals to engage in the forecasting process and enhance strategic planning and sustainable development of tourism.
Download or read book The Economics of Tourism Destinations written by Norbert Vanhove and published by Routledge. This book was released on 2017-12-04 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: The measurement of tourism, for example analysing competitiveness and evaluating tourism projects, is not an easy task. Now in its third edition, The Economics of Tourism Destinations: Theory and Practice provides a succinct guide to the economic aspects of tourism for students and practitioners alike to decipher the methods of measurement of supply, demand, trends and impacts. This new edition has been revised and updated to include: Three new chapters: Tourism as a development strategy, Tourism export-led growth, and a dedicated chapter on Macro-evaluation of tourism projects and events, including the travel cost method and the contingent valuation method. New case studies from emerging destinations in Asia, Australia and America to show theory in practice. New and updated data throughout. Each chapter combines theory and practice and is integrated with international case studies. Combining macro- and micro-aspects of economics to the tourism destination, this is an invaluable resource for students learning about this subject, as well as being aimed at tourism researchers and policy-makers.
Download or read book The Economics of Tourism Destinations written by Norbert Vanhove and published by Routledge. This book was released on 2011 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: The measurement of tourism is not an easy task. In the last decade there has been a growing interest in the tourism world in new methods to measure demand and supply of tourism. Fully revised and updated, the second edition of The Economics of Tourism Destinations provides a succinct guide to the economic aspects of tourism for students and practitioners alike to decipher the methods of measurement of supply, demand, trends and impacts. This book emphasizes new aspects such as measurement of tourism (e.g. Tourism Satellite Account), supply trends, competition models, macro evaluation of tourism projects and events and the role of tourism in a development strategy. Each chapter combines theory and practice and international case studies are provided.
Download or read book Alternative Econometric Models for the Analysis of UK Tourism Demand written by Maria De Mello and published by LAP Lambert Academic Publishing. This book was released on 2014-11-19 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the context of the UK tourism demand for France, Spain and Portugal in 1969-1997, the objective of this book is to demonstrate that consistent estimates and reliable forecasts can be obtained from empirical models based on the principles of economic theory, and specified and rigorously tested within the rules of sound econometric methodology. The alternative models estimated include error-correction autoregressive distributed lag models (ARDL), static and dynamic almost ideal demand systems (AIDS) and cointegrated vector autoregressive models (VAR). The main findings that emerge from this study are the following. The diagnostic tests applied to the dynamic ARDL models provide sufficient evidence to classify them as statistically robust, structurally stable and well-defined specifications. The evidence obtained for the AIDS and VAR systems indicates them as data-coherent and theoretically-consistent models, complying with the utility maximisation hypotheses. The similarity of the estimates of the long-run structural parameters across models and their forecasting accuracy, further support the reliability of these models for explaining and predicting UK tourism demand behaviour.
Download or read book Seasonality in Tourism written by Tom Baum and published by Routledge. This book was released on 2001-12-07 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seasonal variation in demand is a reality for most tourism destinations. This work provides a balanced overview of the evidence and issues relating to tourism seasonality using European, North American and Pacific Rim cases and research evidence.
